When you say a line, more than two people i think they have to be at work at 6 00 or something. I was upstairs getting my coffee everyone had a mask on but there were six or seven people out there waiting. Were you one of them . I was notone of them. Much better smelling. That would be from your standing and not max cutting the losses in half. Im willing to give that to him . I have to say, Brian Sullivan puts on a very good show i appreciate the lead in i listen because i do my hair and make up about five feet from here energetic at 5 00 a. M he brings it every day. You could be up or down up 2. 3 . S p was up 1. 5 . Both of those averages now on track for the Third Straight gains. This has been an impressive quarter. All the way back to the Fourth Quarter since 98 we have seen three months in a row that have been impressive. If things went south, you could see the s p 500 wipe that out. Those gains are in the green for the month of june. You can see dow futures are down only about 35
2. 3 trillion gauntlet against the economic catastrophe caused by the pandemic it was remarkable move coming within seconds of the devastating news that 6. 6 million more people filed for Unemployment Insurance last week the averages were actually able to rally including the down and out stocks dow gaining 286 points s p climbing 1. 54 nasdaq advancing 7. 7 . Without powells extraordinary i was blown away extraordinary announcement, the hideous jobless claims would have pancaked the stock market. Weve gone from the strongest labor market in a half century to one of the weakest in no time flat it didnt matter to wall street because the fed is buying all kinds of distressed debt you dont see i keep saying its so important. Buying municipals. Some of those are hurting. Buy high yield Corporate Bonds thats fabulous news because those were two big pressure points in this rapidly deteriorating economy. What a difference from the old days between the 2. 2 trillion rescue package from congress
You see this type of market action, the names that are highly speculative are maybe not the best shorts, you have to Pay Attention to the technicals of those. Such as what is the existing shortage . If it is difficult to get borrow, that means especially this type of market where the speculative names are doing quite well, those can rip on you. We are generally trying to avoid shorting names like that. We always try to avoid names with high short interest. It does get crowded, then we do either reduce risk or exit the position. Sonali how do you see the exuberance in the market right now . Do you avoid certain sectors but worry about their valuations . We generally do not usually avoid certain sectors or industries. We have done a lot of work over the past few years in the cleantech space. And you look at cleantech names on the longterm basis, many of them have fallen apart. The thing is we have found that technically, they are difficult to be short because even on days where you do no
And declaring a State Of War Alert after the Palestinian Militant Group hamas fires thousands of rockets from the gaza strip into southern israel. The groups leader says its part of a new Military Operation against israel. Israels territory has also reportedly been infiltrated by numerous Palestinian Militants during the unprecedented attack. Several videos posted on social media appear to show dozens of uniformed gunmen inside the Israeli Border town of sderot ready across the region are being ordered to remain indoors. And were learning a woman in her 60s was killed and at least 100 others were injured in the rocket attacks. Israels Security Cabinet is set to convene in the coming hours for following its State Of War Alert declaration. Officials warn hamas will face consequences for the attacks and has reportedly already begun striking targets in the gaza strip. The launch has come after weeks of heightened tensions along israels volatile border with gaza and heavy fighting in the Is
Edition of the Ingraham Angle from New York City tonight. Judges divided, a florida judge handing trump a win causing classification in the classified documents case. On the other hand new york judge ruling moments ago not to halt his civil fraud trial. We have all the details tonight with g. W. Professor Jonathan Turley he will be here to weigh in. But, first, four years the liberal media made a Cottage Industry of vilifying conservatives. Remember how according to them President Trump and his supporters they were somehow responsible for racism. Thats the extremist thinking that donald trump represents and the Hate Mongering that unfortunately is poisoning the republican party. He is a representative of their intolerance, dare i say it racism. Is he a representative of their misogyny. Set representative of the inintolerance. President trump knows what he is doing when is he stoking racism. Trump and that you will it represents that next schism of racism and sexism and ingredient. All